Has the Fed started QE3?

posted by
August 29, 2011
Casey Research
by Bud Conrad  
Posted in Commentary

"The Fed surprised the market by extending its policy of 0 to 0.25% Fed funds rate to mid-2013. The way the Fed manages to drive rates lower is to buy Treasuries with newly created money -- driving the price up and the rates down. The big question is whether the policy will have a sizeable effect on markets." (08/26/11)


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